Shine Fashions (India) Ltd — Others, 18-06-2025: AGM/EGM

Shine Fashions (India) Ltd has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025, and the Sixth Annual General Meeting (AGM) to be held at the company's registered office. The AGM will cover adoption of audited standalone and consolidated financial statements, declaration of a 2.5% dividend (Rs. 0.125 per equity share of Rs. 5 face value), re-appointment of a director retiring by rotation, and appointment of M/s Gada Chheda & Co. LLP as statutory auditors for five years. The company plans to increase its authorized share capital from Rs. 5 Cr to Rs. 13.5 Cr to facilitate a bonus share issue of 7 shares for every 1 held, capitalizing Rs. 11.75 Cr from reserves. Mrs. Binal Anish Mehta will be appointed Whole Time Director with a monthly salary of Rs. 1 lakh, reflecting her key role as CFO driving over 50% YoY growth and holding 11.3% promoter stake. Two independent directors, Mrs. Nikita Dungarshi Mange and Mrs. Nikita Nikhil Rathod, are proposed for re-appointment for five-year terms, and Ms. Labdhi Manish Vora is proposed as a new independent director. M/s JPS & Associates has been appointed as secretarial auditors for five years at Rs. 70,000 plus taxes per year. These steps emphasize strengthening the company’s governance, capital structure, and leadership, enhancing shareholder value and operational growth.